Financial Technology

Nomura Selects Trading Platform from Fidessa

Fidessa Group, a provider of high-performance trading, investment management and information solutions, recently announced that its trading platform has been selected by Nomura, a financial services group and the Asian-based investment bank, to support its global futures and options trading activity.

The fully hosted Fidessa trading platform offers Nomura integrated order management, trading and rich middle-office functionality across its U.S. operations. The Fidessa platform enables its users to reduce trading costs, simplify infrastructure, improve order flow and offer a better range of services to their customers. The single platform approach also simplifies regulatory compliance with directives such as MiFID and Reg NMS, by reducing the number of disparate systems and data feeds that are impacted and making the demonstration of best execution easier, especially for structured products across asset classes.

Michelle Neal, global head of Electronic Markets, Futures & Options and Derivatives Clearing at Nomura, said in a statement, "Regulations are reshaping the derivatives markets, and it is essential that we have a world-class technology infrastructure to meet these new requirements on behalf of our clients. Fidessa is known for the strength and sophistication of its order management system. Having its robust technology to support our derivatives trading activity will help us deliver market-leading results for our clients."

Stephen Barrow, global sales director at Fidessa, added, "The strengths of our multi-asset platform are completely aligned with the changes affecting the futures and options industry. The convergence of OTC flow and exchange-traded activity increases the need for systems that can handle complex workflow and fragmented markets: capabilities that are central to our solution and that we have honed over a number of years. This functionality and understanding, coupled with our robust global infrastructure and proven capacity to run large-scale derivatives systems, is fuelling significant interest in our technology across the globe."